SEATTLE--(BUSINESS WIRE)--Dec. 6, 2017--
(NASDAQ: RDFN)-- Redfin’s technology team, which includes engineers,
product managers and product designers, grew from 30 percent women in
2016 to 32 percent in 2017, according to a new
report from Redfin (www.redfin.com),
the next-generation real estate brokerage. This is significantly higher
than other major technology companies’ self-reported data. Each year,
Redfin publishes a report on racial, ethnic and gender diversity in an
effort to increase transparency within the industry.

In addition to growing the percentage of women in technology roles,
Redfin increased the number of women in the rest of its corporate staff,
from 57 percent in 2016 to 60 percent in 2017. Redfin’s field
organization—its real estate agents and the roles that manage and
support them—is also 60 percent women.

Men and Women by Department at Redfin

Gender

2016

2017

Field

Business

Tech

Overall

Field

Business

Tech

Overall

Men

38.2%

42.5%

72.4%

42.3%

39.7%

39.8%

68.3%

42.4%

Women

61.8%

57.1%

27.7%

57.6%

60.2%

59.6%

31.7%

57.5%

In both 2016 and 2017, the company overall was 58 percent women, but
more of those women moved into management positions in 2017. Forty-six
percent of Redfin’s managers are women, up from 44 percent in 2016.

Redfin’s racial and ethnic diversity increased modestly over the past
year among employees who identify as black or Hispanic.

Racial and Ethnic Diversity of Redfin Employees

Race or Ethnicity

2016

2017

Field

Business

Tech

Overall

Field

Business

Tech

Overall

Asian

5.8%

15.7%

38.2%

10.7%

5.9%

15.2%

38.0%

10.3%

Black or African American

6.7%

3.9%

0%

5.6%

7.1%

8.8%

1.4%

6.9%

White

72.8%

70.0%

50.0%

70.0%

68.4%

62.3%

47.1%

65.5%

Hispanic or Latino

7.4%

1.8%

2.9%

6.0%

8.2%

2.7%

3.4%

6.9%

Two or More Races

3.2%

6.1%

4.7%

3.9%

2.8%

5.5%

5.3%

3.4%

Hiring more black and Hispanic software engineers, product managers and
product designers is a top priority for Redfin.

“Folks in these roles have an unusual amount of power, determining what
millions of online visitors see on our website and our mobile
application. While recruiting and developing women for technical roles
continues to be important, in 2017 we decided that racial and ethnic
diversity would become a higher priority,” said Redfin CEO Glenn Kelman
in the blog
post.

Redfin is also focused on making its field operations team more racially
diverse to better reflect the people that they serve. From 2016 to 2017,
the percentages of Asians, blacks and Hispanics in Redfin field
operations all increased.

Redfin hopes to make the most progress in developing people of color to
management roles within the company. Compared to their levels of
representation within the company overall, Asians, blacks and Hispanics
are underrepresented in management ranks. To achieve this, Redfin will
introduce company-wide programs that include documented promotion
criteria for all roles with more than five employees, data-driven
guidance on pay raises and mentorship.

“Of the 13 people at the company with a vice-president title or higher,
one is Asian and none are black or Hispanic. Retaining, developing and
promoting more people of color into management roles is a high priority
for me as Redfin’s CEO,” Kelman said.

Redfin (www.redfin.com)
is the next-generation real estate brokerage, combining its own
full-service agents with modern technology to redefine real estate in
the consumer's favor. Founded by software engineers, Redfin has the
country's #1 brokerage website and offers a host of online tools to
consumers, including the Redfin
Estimate, the automated home-value estimate with the industry's
lowest published error rate for listed homes. Homebuyers and sellers
enjoy a full-service, technology-powered experience from Redfin real
estate agents, while saving thousands in commissions. Redfin serves more
than 80 major metro areas across the U.S. The company has closed more
than $50 billion in home sales.

For more information or to contact a local Redfin real estate agent,
visit www.redfin.com.
To learn about housing market trends and download data, visit the Redfin
Data Center. To be added to Redfin's press release distribution
list, subscribe
here. To view Redfin's press center, click
here.